Economics

Immigrants Key to Economy's Revival

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In Washington on Sunday, the tens of thousands of demonstrators demanding immigration reform looked like the opening round of the last thing the country needs now: another big debate on a divisive issue.

Yet Congress seems ready to take on immigration, which has been dividing Americans since the republic was founded.

But identifying immigrants as a “them,” as both their advocates and nativists do, misses the point. Immigrants — and their children — are the people who will help define the future “us.” They are also critical to the revival of the U.S. economy.  read more »

A Big Company Recovery?

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After the release of the 2009 fourth-quarter GDP estimate, some forecasters are now predicting a rapid recovery in 2010. Certainly, the fourth-quarter growth rate was impressive, particularly following the modest pickup reflected in the third-quarter results and the terrible results of the previous several quarters. Implicitly, these optimistic forecasts are based on the assumption that the United States economy has been fundamentally unchanged by the recession.  read more »

Midwest Success Stories

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Most observers do not associate the Midwest with urban success, but quite the opposite in fact. But while there are plenty of places that are legitimately suffering, there are also plenty of success stories out there that don't always get the mindshare or press they deserve.  read more »

America in 2050 -- Strength in Diversity

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An ongoing source of strength for the United States over the next 40 years will be its openness to immigration. Indeed, more than most of its chief global rivals, the U.S. will be reshaped and re-energized by an increasing racial and ethnic diversity.

These demographic changes will affect America's relations with the rest of the world. The United States likely will remain militarily pre-eminent, but the future United States will function as a unique "multiracial" superpower with deep familial and cultural ties to the rest of the world.

No Clear Majority  read more »

Scenario Two: An Optimistic view of the United States future

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This is the second in a two part series exploring a pessimistic and an optimistic future for the United States. Part One appeared yesterday.

A positive assessment of US prospects rests on at least seven propositions. First, the current crisis is not inherently more threatening than many others, most notably the Civil War, the Great Depression, and two World Wars. Quality leadership, building on the resilient political and economic institutions of the country, will prove sufficient to bring about needed sacrifices and transformations. We have seen this many times in the past from the Progressive Era to the New Deal, the Second World War and the winning of the Cold War, which was a uniquely bipartisan triumph.  read more »

Scenario One: A Pessimistic Forecast for the United States

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This is the first in a two part series exploring a pessimistic and an optimistic future for the United States. Part Two will appear tomorrow.

I’m an old (76) 1950s type liberal, and have lived to see the election on the nation’s first mixed-race president, as well as some remarkable social change in the general status of women and ethnic minorities. The United States has a remarkable heritage of entrepreneurship and resilience in its democratic institutions. Yet there are cogent reasons to be fearful and pessimistic about our capacity to maintain our preeminence, at least in the medium run (10-15 years).  read more »

Jerry Brown: Machiavelli Or Torquemada?

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For more than one-third of a century Jerry Brown has proved one of the most interesting and original figures in American politics--and the 71-year-old former wunderkind might be back in office in 2010. If he indeed wins California's gubernatorial election, the results could range from somewhat positive to positively disastrous.  read more »

Newspapers: The Search for A Killer Saviour

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The publishers and staffs of many daily newspapers would love to think of themselves as hip bloggers, tweeting to an eager and mobile public. But the reality is that newspapering came of age with railroads and steel mills, and the balance sheets of many companies are heavy with long-term debt, inflated valuations, unfunded pension liabilities, and the usual write-downs of smokestack America.  read more »

Subjects:

Biotech Research No Silver Bullet for Florida

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By Richard Reep

Until recently, Florida was the king of growth, agriculture, and tourism. Growth – at 900 immigrants a day from other states – characterized Florida’s landscape for over 30 years, and growing cities were in perennial battle with agriculture up until the watershed year of 2009. As a tourist destination, Florida claimed world-class status, which once served the state just fine. Now, gasping for breath and facing financial uncertainty, Florida’s leadership frantically seeks a new silver bullet to create jobs, focusing on biomedical research. This focus is timely and important, and can truly move the state in a new direction, and the state leadership’s resolve to diversify the economy should stay strong, even with a short-term lack of results.  read more »

Why Millennials are Economic Liberals and What to Do About It

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The Obama administration celebrated the anniversary of the passage of the American Recovery and Reinvestment Act, or economic stimulus, by pointing out the gradual recovery of the United States economy has resulted in “saving or creating two million jobs.” But young Americans continue to bear the brunt of what is still America’s worst recession since the Great Depression.  read more »